The Winnipeg Jets have agreed to terms on a three-year, entry-level contract with second overall draft pick Patrik Laine, the team announced Sunday.

Laine will net the maximum entry-level base salary under the league's CBA, and can earn up to $3.575 million on an annual basis with $2.65 million in bonuses tied to the agreement.

His earning potential is just $200,000 short of the maximum allowable on an entry-level deal.

The reigning MVP of the World Championship will be unable to participate in on-ice activities at the club's development camp this month, after undergoing a knee procedure after the NHL Combine.

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